By Nasdaq GlobeNewswire, October 31, 2018, 08:00:00 AM EDT
NEW YORK, Oct. 31, 2018 (NASDAQ GLOBE NEWSWIRE) -- Graphene & Solar Technologies (OTC:SQTX) fka Solar Quartz Technologies confirmed it will file an S-1 Registration Statement with the SEC in the next 14 days to issue twenty million (20 million) new shares at a $5 face value to support its $100 million underwriting currently in process. Funds will be applied to construction of its new High Purity Quartz Sand Processing Factory and the expansion of R&D facilities' new Graphene / NanoGraphene Joint Venture
GSTX and NanoGraphene, Inc. (NGI) also announced a Joint Venture to produce Graphene-enhanced solar panels and new advanced solar applications and materials utilizing the remarkable properties of the recently invented "super material" Graphene, to enhance the efficiency and generating potential of PV solar panels above 40%.
NanoGraphene, Inc. (NGI) is a globally prominent New York-based Graphene manufacturer and innovative application developer with leading edge Graphene production technologies, and has 20 years' experience in the establishment of Solar Panel factories worldwide. Roger May of GSTX states that NGI and GSTX plan to each utilize their extensive experience and knowledge of Solar-grade High Purity Quartz and Solar-grade Silicon production techniques together to develop new graphene enhanced solar grade materials, applications and products enhanced with remarkable new properties and attributes not achievable before Graphene.
GSTX is pleased to have the confidence and support of NanoGraphene to secure an early foothold as a pioneer participant with NGI in the rapidly evolving world of Graphene enabled materials and products. Priority will be given to developing new graphene enhanced solar -grade materials combining graphene with solar-grade silicon to increase PV solar sensitivity and power generation capacity.
The NanoGraphene Chairman remarked, "The Joint Venture will develop exciting new combination materials of graphene and silicon not presently in existence." The NGI and GSTX Joint Venture plans to establish a jointly-located research and development facility to develop graphene-enabled high-end electronics materials utilizing GSTX's long experience in the field of producing electronic grade High Purity Quartz Sand and Solar-grade silicon for PV solar cells, semiconductors, and enhanced new solar thin-film applications.
GSTX is one of a few production companies worldwide with a proven capability of manufacturing solar grade and high-end electronics-grade High Purity Quartz Sand (HPQS), an essential primary material necessary for the manufacture photovoltaic (PV) silicon Solar Cells and all high-end electronics.. GSTX is the sole owner of the exclusive rights to two rare High Purity Quartz mineral deposits (15 million tons) utilized as feedstock for the manufacture of PV solar cells and all electronics and semiconductor production materials.
All statements in this release that are not strictly historical facts are "forward-looking statements." Forward-looking statements are based on SQTX's current assumptions, beliefs and expectations, and involve risks, uncertainties and other factors that may cause SQTX's actual results to be materially different from any results expressed or implied by such forward-looking statements.
GSTX -Contact: Roger May - email@example.com - Tel.310. 8639 5777 & Mbl: +61 432 798 888 http://nanographene.net
Source: Solar Quartz Technologies, Inc. This article appears in: News Headlines
Referenced Stocks: SQTX
· 10/31/2018 04:37 PM
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